Star Health IPO - Investment Rationale, Outlook, Valuations: Angel Broking
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Angel Broking's IPO Report
Incorporated in 2006, Star Health and Allied Insurance Company Ltd. is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021.
The company primarily focuses on the retail health market segment. It offers a range of flexible and comprehensive coverage options for retail health, group health, personal accident, and overseas travel, accounting for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of the total gross written premium in fiscal 2021.
As of September 30, 2021, its network distribution includes 779 health insurance branches across 25 states and five union territories in India.
Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.
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